# Novelis Corporation DB Plan
Source: https://planprovider.pro/companies/novelis-corporation-plan-042

> Novelis Corporation's DB plan: 90 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Novelis Corporation

- **Sponsor EIN:** 412098321

- **Sponsor Address:** 3550 PEACHTREE RD, SUITE 1100, ATLANTA, GA, 30326

- **Plan Type:** DB

- **Total Participants:** 90

- **Total Assets:** $34.2M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|90|$34.2M|$150,158|$0|

| 2023|94|$37.1M|$655,000|$0|

| 2022|101|$37.6M|$0|$0|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FRAZIER & DEETER|Auditor|$15,000|—|$15,000|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $15,000

- **Estimated Expense Ratio:** 0.044% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$511,693|$184,825|—|$15,000|—|

| 2023|$736,840|$239,867|$14,513|—|—|

| 2022|$505,956|$347,579|—|—|$29,657|

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